Southbank carpark transformed into vibrant residential and community hub

Market Insights
2 months ago
6 minutes


  • Developer: OSK Property
  • Builder: Multiplex
  • Number of Residences: 1,048 apartments 
  • Estimated Completion Date: Stage 1 completed in April 2021
  • Awards: Winner at the PropertyGuru Asia Property Awards 2022 (Australia) for:
    • Best High Rise Mixed Use Development 
    • Best High Rise Apartment Development (VIC)
    • Best Mixed Use Development (Australia) 
    • and more…

The heart of Southbank is undergoing a remarkable transformation, championed by the innovative Melbourne Square development. Once a car park, this site at Kavanagh Street has been reborn under the guidance of OSK Property with Stage 1 constructed by Multiplex into a vibrant community hub.

With 1,048 residences now complete in the first two towers, Melbourne Square introduces an unprecedented blend of residential luxury and communal utility, setting new standards for inner-city living.

Move in now to spacious interiors and city views at Melbourne Square. Click here to learn more.


14,700 sqm of amenities

Deemed Melbourne’s most liveable lifestyle precinct, Melbourne Square’s design is notable for its elliptical-shaped towers amidst significant green space, including the 3,745 sqm Kennedy Park. This focus on public realms is intended to provide a serene escape from city life, with over 30% of the site dedicated to open spaces that offer cooling and shaded areas to enjoy year-round.

Defined by a commitment to filling the gaps in local amenities while offering a high standard of living, Melbourne Square features over 14,000 sqm of public and private amenities. The precinct features a full-line Woolworths supermarket, an 87-place Nido Childcare facility, Sama Sama Hometown Delights restaurant, 10 Hoff cafe, and a BWS bottle shop amongst other retail options, directly responding to the needs of both residents and the local community.

A full-line Woolworths and green spaces grounds Melbourne Square. Click here to learn more.


Exclusively for Melbourne Square residents

For those calling Melbourne Square home, an exclusive collection of luxurious on-site amenities further promotes this sense of convenience and community. These resident-only facilities include a resort-style heated outdoor swimming pool and wading pool, an indoor pool with Melbourne views, two well-equipped gymnasiums, sun terrace, sauna, yoga studio, music room, golf simulator, cinema, and multiple private dining rooms with kitchen facilities.

Rest assured that Melbourne Square is also future-proofed. Sustainability efforts are evident through the retrofitting of EV chargers, ensuring residents can effortlessly embrace eco-friendly transport options.

Moreover, the development adapted to augment health and wellness, featuring the adoption of a retro-fitted wellness ecosystem by Delos in residences during the Covid-19 period. This system enhances the quality of air, water, and light within homes, contributing to the residents’ overall well-being.

Melbourne Square residents enjoy exclusive access to an outdoor heated swimming pool. Click here to learn more.


Buyer and community testimonials

The words of Melbourne Square’s purchasers are a testament to the community spirit at the precinct. Amin, a resident, was drawn to the project’s extensive lifestyle amenities which surpass local benchmarks, saying, “I think Melbourne Square is a unique project in Australia.

“It was certainly the first local development of its kind that lived up to the international benchmarks [my wife] Sidra and I have come to expect from our exposure to other precincts around the world.”

Similarly, fellow Melbourne Square resident Moira highlights the unparalleled quality of the on-site facilities, especially the well-equipped gym she uses up to five times a week and the convenience of having Woolworths within easy reach.

“The quality of the facilities is excellent, with a function room to suit nearly all occasions, and based on our extensive review of other inner city apartment options, has by far the best facilities we saw,” Moira said.

“I go to Woolworths almost daily!

“Love it – it is a fabulous supermarket and one of the best laid out we have seen.

“The addition of basketball courts outside has been a great success and clearly used by the wider community in the area… and seeing so many young people out there on summer evenings having fun has added an uplifting and positive community spirit.”

Wake up to sweeping city views at Melbourne Square. Click here to learn more.

Another resident, Seema, enjoys the sense of community and diversity that has flourished within Melbourne Square, fostering connections that turn into friendships.

“I know several residents in the Square – some of us get together regularly for a craft session, chat and check-in,” said Seema.

“It is a great community of diverse cultures, ages, and interests.

“I think Melbourne Square has contributed a lot to making Southbank a more connected neighbourhood – Kennedy Park where people walk dogs or bring young kids to play... It feels great to keep dashing into known faces and casual interactions turn into great friendships.”

This sentiment is echoed in the community’s feedback. Sean Car from Southbank News notes the exceptional level of engagement OSK Property has sought with the local community, enhancing Southbank’s vibrancy and connectedness.

“Having published Southbank News since 2011 and seen a lot of development in the local area during that time, I can say with confidence that we have never seen anything close to the level of engagement between a developer and the local community to what we experienced with OSK Property and its Melbourne Square project,” Sean said.

“From the outset, the project team identified the community as a priority stakeholder.

“The results of this approach have seen the delivery of much-needed open space, the first genuine supermarket in the area, childcare, and a project which has actively transformed Kavanagh Street into a vibrant ‘main street’ and meeting place for Southbankers.”

Inviting owner-occupiers, investors, downsizers, and first-home buyers alike, Melbourne Square offers the opportunity to be part of a development that stands as a beacon of true convenience and community spirit in vibrant Southbank.

Completed two and three-bedroom apartments are still available, with two-bedders priced from $780,300.

Click here to find out more or enquire about Melbourne Square.